Last 79.90 INR
Change Today +1.15 / 1.46%
Volume 76.0K
NLC On Other Exchanges
Symbol
Exchange
Natl India
As of 6:06 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

neyveli lignite corporation (NLC) Snapshot

Open
78.35
Previous Close
78.75
Day High
80.50
Day Low
78.15
52 Week High
05/26/14 - 109.90
52 Week Low
01/30/14 - 54.55
Market Cap
134.0B
Average Volume 10 Days
98.9K
EPS TTM
8.95
Shares Outstanding
1.7B
EX-Date
09/11/14
P/E TM
8.9x
Dividend
3.60
Dividend Yield
4.53%
Current Stock Chart for NEYVELI LIGNITE CORPORATION (NLC)

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neyveli lignite corporation (NLC) Details

Neyveli Lignite Corporation Limited operates as a mining and power generation company in India. It is involved in the generation of power through its thermal power stations. As of March 31, 2014, the company had a total generation capacity of 2740 Mega Watt. It is also engaged in the mining of lignite. The company sells its lignite to small scale industries for use as fuel in their production activities. Neyveli Lignite Corporation Limited was founded in 1956 and is based in Neyveli, India.

16,849 Employees
Last Reported Date: 08/27/14
Founded in 1956

neyveli lignite corporation (NLC) Top Compensated Officers

Chairman, Managing Director, Chairman of Sub ...
Total Annual Compensation: 3.8M
Director of Power, Chief General Manager of M...
Total Annual Compensation: 2.1M
Director of Human Resource, Executive Directo...
Total Annual Compensation: 3.4M
Director of Finance, Executive Director, Memb...
Total Annual Compensation: 2.2M
Director of Planning & Projects, Director, Me...
Total Annual Compensation: 1.1M
Compensation as of Fiscal Year 2014.

neyveli lignite corporation (NLC) Key Developments

Neyveli Lignite Corporation Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Reports Production Results for the Six Months Ended September 30, 2014

Neyveli Lignite Corporation Limited reported unaudited earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported net sales/income from operations (net of excise duty) was INR 14,024.9 million against INR 13,828.2 million a year ago. Profit operations before other income, finance costs and exceptional items was INR 2,359.4 million against INR 2,757.9 million a year ago. Profit from ordinary activities was INR 3,890.2 million against INR 3,514.0 million a year ago. Net profit for the period was INR 2,593.5 million or INR 1.55 basic and diluted per share against INR 2,400.0 million or INR 1.43 basic and diluted per share a year ago. For the six months, the company reported net sales/income from operations (net of excise duty) was INR 29,129.4 million against INR 29,423.9 million a year ago. Profit operations before other income, finance costs and exceptional items was INR 6,354.2 million against INR 6,779.8 million a year ago. Profit from ordinary activities was INR 8,745.7 million against INR 7,483.1 million a year ago. Net profit for the period was INR 5,934.0 million or INR 3.54 basic and diluted per share against INR 5,184.3 million or INR 3.09 basic and diluted per share a year ago. For the six months, the company has generated 9,983.10 million units of power, achieving 100.04% of the set target.

Neyveli Lignite Corporation Contract Workers Call Off Strike, Resume Work

Neyveli Lignite Corporation announced that its contract workers, who launched an indefinite strike from September 3 demanding regularization of services and wage revision, called off their agitation after they were assured that their wages would be hiked by INR 110 per day. The consensus on wages was arrived at during talks between representatives of workers' unions and management in the presence of labour officials. However, there was no settlement on the issue of regularizing contract workers. The workers resumed duty from 10pm on Friday after the 52-day strike. Presently the management pays INR 370 per day for an unskilled worker, INR 390 for a semi-skilled worker, INR 405 for skilled worker and INR 515 for highly skilled worker. About 50% of the hike INR 55 will be implemented from November 1 this year while the rest from November 1 next year. The revision will be in force for the next five years, that is until 2020. The management also assured that it would provide roughly 10,000 per worker as festive bonus besides ensuring 18 days of earned leave per year. Ten of the 11 contract workers' unions that formed the joint action council (JAC) accepted the management's settlement package while Jeeva Oppantha Thozilalar Sangam (Jots) registered its protest against the settlement.

Neyveli Lignite Corporation Limited Declares Final Dividend for the Financial Year 2013-2014

Neyveli Lignite Corporation Limited announced that at its annual general meeting held on September 24, 2014, the board has declared final dividend of 18% on the paid-up equity share capital of INR 16,777,096,000 of the company aggregating to 28% for the financial year 2013-2014.

 

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